Homework Macroeconomics

How can GAP measures two things at once? GAP measures the total economy income and total output of goods and services. The reason why GAP measures two things at once is that the output of goods and services and total income, quantitatively, are the same. For instance, every dollar of expenditure by a buyer must become a dollar of income to a seller. 2. What does the consumer price index measure? How is it different from the GAP deflator?
Consumer Price Index (ICP) measures the price of a fixed basket of goods and service purchased by a typical consumer relative to the same basket in a base ear. First, the GAP deflator measures the prices of all goods and services produced, whereas the ICP measures the prices of only the goods and services bought by consumers. Second, the GAP deflator includes only those goods produced domestically. Imported goods are not part of GAP and do not show up in the GAP deflator while the ICP includes the imported goods.
Third, the ICP assigns fixed weights to the prices of different goods, whereas the GAP deflator assigns changing weights. 3. List the three categories used by the Bureau of Labor Statistics to classify everyone in the economy. How does the Bureau compute the unemployment rate? Three categories are employed, unemployed, and not in the labor force. Unemployment Rate = Number of unemployed [Labor Force * 100 4. Describe the two ways the Bureau of Labor Statistics measures total employment?

Because the BILLS conducts two surveys of labor-market conditions, it produces two measures of total employment. From the household survey, it obtains an estimate of the number of people who say they were working. From the establishment survey, it obtains an estimate of the number of workers firms have on their payrolls. Problem 1. NEW YORK ? Falling oil prices dragged the stock market lower on Monday as Exxon Mobil, Chevron and other big energy companies sank along with crude.
The Standard & Poor’s 500 index lost 16. 55 points, or 0. 8 percent, to close at 2,028. 26. – Denver Post The oversupply stimulated the decrease of oil price. In economy, it is sample that can explain the relationship between demand and supply. When the demand is bigger than the supply, price will go up and when the demand is smaller the supply, the price will fall. That is what we call supply and demand theory. Homework Macroeconomics By Scavengers 61

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

At Solution Essays, we are determined to deliver high-quality papers to our clients at a fair price. To ensure this happens effectively, we have developed 5 beneficial guarantees. This guarantees will ensure you enjoy using our website which is secure and easy to use.

Money-back guarantee

Most companies do not offer a money-back guarantee but with Solution Essays, it’s either a quality paper or your money back. Our customers are assured of high-quality papers and thus there are very rare cases of refund requests due to quality concern.

Read more

Zero-plagiarism guarantee

All our papers are written from scratch and according to your specific paper instructions. This minimizes any chance of plagiarism. The papers are also passed through a plagiarism-detecting software thus ruling out any chance of plagiarism.

Read more

Free-revision policy

We offer free revisions in all orders delivered as long as there is no alteration in the initial order instruction. We will revise your paper until you are fully satisfied with the order delivered to you.

Read more

Privacy policy

All data on our website is stored as per international data protection rules. This ensures that any personal data you share with us is stored safely. We never share your personal data with third parties without your consent.

Read more

Fair-cooperation guarantee

Ordering and sending money to us is an indication that you are purchasing our products and services. To have business talks laid out in the official language, you can check on our terms and conditions and get more information about this.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Order your essay today and save 20% with the discount code: LEMONADEPlace Order